Benzinga's Top Downgrades

Analysts at Goldman Sachs downgraded Michael Kors Holdings Ltd (NYSE: KORS) from Buy to Neutral. The price target for Michael Kors Holdings has been lowered from $93.00 to $50.00. Michael Kors Holdings' shares closed at $45.93 yesterday.Analysts at Imperial Capital downgraded Bon-Ton Stores Inc (NASDAQ: BONT) from In-line to Underperform. The price target for Bon-Ton Stores has been lowered from $6.00 to $4.00. Bon-Ton Stores' shares closed at $6.21 yesterday.Analysts at MKM Partners downgraded Vail Resorts, Inc. (NYSE: MTN) from Buy to Neutral. The price target for Vail Resorts has been raised from $107.00 to $111.00. Vail Resorts' shares closed at $105.50 yesterday.Analysts at JP Morgan downgraded The Fresh Market Inc (NASDAQ: TFM) from Overweight to Neutral. The price target for Fresh Market has been lowered from $57.00 to $53.00. Fresh Market shares closed at $32.43 yesterday.B Riley downgraded Semtech Corporation (NASDAQ: SMTC) from Neutral to Sell. The price target for Semtech has been lowered from $26.00 to $21.00. Semtech shares closed at $24.62 yesterday.Raymond James downgraded BT Group plc (ADR) (NYSE: BT) from Strong Buy to Underperform. BT Group shares closed at $70.72 yesterday.BMO Capital downgraded First Potomac Realty Trust (NYSE: FPO) from Outperform to Market Perform. First Potomac Realty shares closed at $10.48 yesterday.Canaccord Genuity downgraded Magnum Hunter Resources Corp (NYSE: MHR) from Buy to Hold. The price target for Magnum Hunter Resources has been lowered from $3.00 to $2.00. Magnum Hunter Resources' shares closed at $1.91 yesterday.DA Davidson downgraded Banc of California Inc (NYSE: BANC) from Buy to Neutral. Banc of California shares closed at $13.49 yesterday.